FT Energy Income Partners Strategy ETF (EIPX) — Stock Correlations & Overview
Over the past year, EIPX has moved most closely with NBET, EIPI, TPYP. Explore the stocks most correlated and inversely correlated with EIPX below, along with its price, financials, and company profile.
Stocks correlated with EIPX
Correlation of daily returns. Higher positive values move with EIPX; negative values move opposite it. Informational only, not investment advice.
Most correlated with EIPX
| Symbol | Company | Correlation |
|---|---|---|
| NBET | Neuberger Energy Transition & Infrastructure ETF | 0.91 |
| EIPI | FT Energy Income Partners Enhanced Income ETF | 0.91 |
| TPYP | Tortoise North American Pipeline ETF | 0.85 |
| EMLP | First Trust North American Energy Infrastructure Fund | 0.85 |
| ATMP | iPath Select MLP ETN | 0.85 |
Most inversely correlated with EIPX
| Symbol | Company | Correlation |
|---|---|---|
| ERY | Direxion Daily Energy Bear 2X ETF | -0.80 |
| OILD | MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETNCOMMERCIAL BANKS, NEC | -0.80 |
| DUG | ProShares UltraShort Energy | -0.80 |
| WTID | MicroSectors Energy -3x Inverse Leveraged ETNsCOMMERCIAL BANKS, NEC | -0.74 |
| DRIP | Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF | -0.73 |
Frequently asked questions about EIPX correlations
- Which stocks are most correlated with EIPX?
- Based on one year of daily returns, the stocks most correlated with FT Energy Income Partners Strategy ETF (EIPX) are NBET (0.91), EIPI (0.91) and TPYP (0.85). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with EIPX?
- Over the past year, the stocks most inversely correlated with FT Energy Income Partners Strategy ETF (EIPX) are ERY (-0.80), OILD (-0.80) and DUG (-0.80). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these EIPX correlations calculated?
- We compute the correlation of daily returns between EIPX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
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